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Senate confirms Janet Yellin as new chairman of The Fed

Senate confirms Janet Yellin as new chairman of The Fed

The Senate confirmed Janet Yellen on Monday as the first woman to lead the Federal Reserve, elevating an advocate of fighting unemployment and a backer of the central bank’s efforts…

Fed taking ‘wait and see’ attitude on policy shift

Fed taking ‘wait and see’ attitude on policy shift

Federal Reserve officials are unlikely to make any shift to monetary policy this week as they wait for more evidence of how badly Washington’s budget battle has hurt the U.S.…

Obama to nominate first woman to head Federal Reserve

Obama to nominate first woman to head Federal Reserve

President Barack Obama will nominate Federal Reserve vice chair Janet Yellen to succeed Ben Bernanke as chairman of the nation’s central bank, the White House said Tuesday. Yellen would be…

Summers out of Fed chief chase

Summers out of Fed chief chase

For weeks, Lawrence Summers had been considered the leading candidate to succeed Ben Bernanke as Federal Reserve chairman. A renowned economist, Summers built close ties to President Barack Obama when…

Needed for next Fed head

Needed for next Fed head

President Barack Obama says his next Fed chairman should take ordinary people into account when setting monetary policy. Obama tells The New York Times in an interview on the paper’s…

So, what will the future economy be? Who knows?

So, what will the future economy be? Who knows?

Politicians and economists are straining to get a clearer view of what the economy will look like a year from now, when midterm political campaigns are heating up. Republicans see…

Fed not expected to relax interest rates during economic surge

Fed not expected to relax interest rates during economic surge

The U.S. economy is strengthening on the fuel of more job growth, rising home prices and solid retail sales. Just don’t expect the Federal Reserve to let up in its…

Bernanke says Fed pullback could put economic recovery at risk

Bernanke says Fed pullback could put economic recovery at risk

Ben Bernanke, the chairman of the Federal Reserve, said on Friday that pulling back on aggressive policy measures too soon would pose a real risk of damaging a still-fragile recovery.…

Sequestration won’t deliver promised savings on budget

Sequestration won’t deliver promised savings on budget

On paper, there’s one thing to like about the ugly spending cuts due to kick in on Friday: $85 billion in budget savings at a time when Washington continues to…

Over the fiscal cliff: A hard of soft landing?

Over the fiscal cliff: A hard of soft landing?

Efforts to save the nation from going over a year-end “fiscal cliff” were still in disarray as lawmakers returned to the Capitol to confront the tax-and-spend crisis. A tone-setting quotation…

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